Bundling policies with one insurer can save you 5% to 25% on premiums.
Always compare offers from various insurers, as a discount does not guarantee the best value.
These discounts frequently cover various policies, including car, home, life and travel insurance.
The Australian insurance industry is competitive, with many insurers offering multi-policy discounts as a reward for their loyalty. By holding more than one policy with the same insurer - a kind of bundled insurance package - you can enjoy lower premium and other discounts. However, some people can get better value by comparing and selecting policies from multiple insurers.
Which funds offer multi-policy discounts?
Fund
Multi-policy discount
Apply
ahm members will get two months free pet insurance and can save 10% on their life & travel insurance. Members can also save up to 15% off car insurance or up to 30% off home and contents insurance from ahm Insurance when they join online.
Bupa members can get 10% off the cost of home insurance, car insurance, landlord insurance and pet insurance. Members can also save up to 15% on travel insurance.
Multi-policy discounts are premium discounts that an insurer offers you when you hold multiple policies with them. Designed to encourage customer loyalty, these discounts allow you to enjoy substantial savings across a wide range of insurance policies when you hold two or more types of cover with the same insurance provider. In some cases, the size of the discount may also increase based on the number of policies you bundle together.
For example, let’s say you already hold health insurance with Insurer A and comprehensive car insurance cover with Insurer B. Because these policies are with separate insurers, you pay the full premium for each type of cover.
But as a way to encourage you to switch car insurance providers, Insurer A offers a multi-policy discount of 10% off the cost of its own comprehensive car insurance policy. By switching insurers and holding two policies with the one company, you can enjoy a significant saving.
And if you also choose to move your home and contents insurance over to the same insurer, the discount on your comprehensive car insurance rises to 25%. It’s a win-win situation for you as a consumer since you still have the essential insurance cover you need, but at a reduced cost compared to what you would normally pay.
What kind of insurance policies can you expect to get a discount on?
While the policies that are eligible for a discount vary from one insurer to the next, you can commonly expect to find multi-policy discounts offered on the following types of cover:
However, not all insurers that provide multiple cover types will offer multi-policy discounts. These insurers claim that no discounts are available because their policies are already as affordable as possible. It’s important to make sure the savings offered by a multi-policy discount provide good value for money.
How much can you expect to save?
The size of any multi-policy discount varies between insurance providers, so it’s best to contact your insurer to find out the details of any special offer. However, multi-policy premium discounts generally range from 5% up to 25%.
The size of the discount may also increase if you bundle more policies with the same insurer or if you buy cover online. Read the fine print for full information on the maximum discount available.
Pros and cons of multi-policy discounts
Pros
Big savings. Multi-policy discounts allow you to keep more money in your pocket, providing premium savings of up to 25% per policy.
Essential cover. Bundling policies doesn’t affect your ability to ensure that you still have all the important insurance cover you need.
Easier to manage. When all of your essential insurance policies are with the same insurer, it can make it much easier to manage your policies and make claims.
Cons
They limit your choice. The policy that offers discounted premiums may not necessarily offer the right cover for you.
You still need to shop around. Just because a policy has discounted premiums doesn’t mean it’s the most affordable cover available, so make sure to compare your options and obtain quotes from multiple insurers.
What others types of loyalty bonuses are on offer?
Increasing benefits. Many insurers give you increased benefits on specific extras services when you maintain your membership for an extended period. Typically seen with services such as dental, physio, chiro and more, these rewards increase your benefit limit for each year that you retain your membership.
Cover for out-of-pocket hospital expenses. Simply by paying your premiums, your health fund may allow you to earn reward points that you can use to pay for out-of-pocket hospital expenses that your policy does not cover.
Discounted gym memberships. Membership in many health funds allows you to access cheaper memberships at partner gym and fitness chains.
Discounts at partner retailers. Many funds also provide discounts and special offers with a wide range of partner retailers, allowing you to save on everything from sporting goods to movie tickets.
Giveaways. Many health funds offer member-exclusive competitions to win electronic items or sporting goods.
Referral bonuses. You may earn a gift card for referring a friend who signs up to become a member of your health fund.
Tim Falk is a writer for Finder, writing across a diverse range of topics. Over the course of his 20-year writing career, Tim has reported on everything from travel and personal finance to pets and TV soap operas. When he’s not staring at his computer, you can usually find him exploring the great outdoors.
See full bio
In the first quarter of 2025, the average emergency department wait time in Victoria public hospitals was 14 minutes. However this varies depending on the severity of your condition.
Prenatal care in Australia is covered by Medicare, meaning it’s mostly free through the public system. You can choose to go private, which comes with a lot of benefits – but there are out-of-pocket expenses to watch out for.
If you're a student, chances are you don't have a whole lot of cash to burn. Compare student health insurance and protect your health and budget.
Important information about this website
Finder is a comparison service. We do not compare every product or every provider in the market.
We make money through commercial arrangements with some of the providers on this site. Products marked 'Sponsored', 'Promoted', 'Featured' or 'Advertisement' appear as a result of a commercial arrangement.
Our editorial content, product reviews and any 'Top Pick' designations are prepared independently of these commercial arrangements.
The default order of products in our tables can be influenced by commercial arrangements. You can re-sort or filter using the controls above each table.
Some content on this site may be generated or supported by AI tools. You should verify details directly with the provider.
Finder is one of Australia's leading comparison websites. We are committed to our readers and stand by our editorial principles.
Our comparison service does not include every product or every provider in the market. Some product issuers offer their products under multiple brands or through associated companies. Where we can, we identify the underlying issuer so you can compare like with like, but you should always check with the provider directly to confirm which brand you are dealing with.
Finder is a comparison website and an intermediary. We are not a product issuer and we do not provide personal financial or credit advice. When you click a link to a product, or apply for a product through our site, you deal directly with the product issuer. We may receive a referral fee, commission or other payment from the issuer if you click through, apply or take out a product. We describe these arrangements in more detail under 'How we make money' below.
Product features, fees, terms and eligibility criteria are set by the product issuer and may change. We rely on information supplied by issuers when we present product details on our site. Before you apply for or take out any product, you should confirm the details directly with the issuer.
We earn revenue from Finder in four principal ways:
Referral fees and commissions. When you click a product link, complete an enquiry form or apply for a product through our site, we may receive a referral fee, commission or other payment from the product issuer. We may also receive payment based on the volume of leads or conversions we send to an issuer.
Sponsored placements. Products marked 'Sponsored', 'Promoted', 'Featured' or 'Advertisement' appear as a result of a commercial arrangement between Finder and the issuer. These labels always indicate a paid placement. We do not use them for editorial choices.
Display advertising. Banner advertising, newsletter advertising and similar display ads on our site are paid by advertisers.
Content sponsorship. Some articles, videos and social media posts are sponsored by an issuer and are clearly labelled as such.
Our editorial opinions, product reviews and any 'Top Pick' designations are prepared independently of these commercial arrangements. A 'Top Pick' is an editorial choice made by our writers and editors based on the criteria described on each comparison page. A 'Top Pick' is not a personal recommendation and does not mean the product is appropriate for your circumstances.
If you would like to know whether we have a commercial arrangement with a specific product issuer, please contact us.
When products are grouped in a table or list, the default order can be influenced by commercial arrangements we have with product issuers. In some categories, sponsored or featured products appear in the top positions of the table by default, and are always labelled as such.
Other factors that influence default order include price, fees and features, and (where relevant) our editorial view of the product.
You can re-sort every comparison table using the controls above the table. You can filter by product features that matter to you. The order you see after re-sorting or filtering is not influenced by commercial arrangements.
Some content on this site is generated or supported by artificial intelligence tools, including our AI-powered assistant FinderBot. AI-generated content may contain errors. Please verify important information directly with the product issuer before making a financial decision. For more information about FinderBot, see the FinderBot Terms of Use and FinderBot Privacy Collection Notice.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
